Updated May 25 at 10:14pm
Local News
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The Providence-Fall River-Warwick metro area unemployment rate dropped in June to 7.1 percent nonseasonally adjusted, nine-tenths of a percentage point lower than the 8 percent reported a month earlier, the U.S. Bureau of Labor Statistics said Wednesday. more
Money magazine has named Brown University the 19th best school overall and the 15th best private school in its inaugural value ranking of U.S. colleges and universities released Monday. more
The Providence Journal’s second-quarter profit more than doubled to $2.1 million, as revenue grew 1.1 percent to $22.3 million compared with the same period last year, according to an A.H. Belo Corp. filing with the U.S. Securities and Exchange Commission made public Wednesday. more
Amgen Inc., the world’s biggest biotechnology company by sales, reported second-quarter earnings that beat analysts’ estimates and raised its profit estimate for the year. more
Banco Santander SA, Spain’s biggest bank, will probably report an increase in second-quarter earnings, helped by gains at its U.K. unit and an improvement in its home market. more
Providence Equity Partners Inc. is considering acquiring a stake in Canadian wireless provider Wind Mobile, people with knowledge of the matter said, as Canada continues its effort to create a fourth national carrier. more
Hotel tax collections in Rhode Island increased year over year in May for the first time since January, climbing 17.5 percent to $270,851 from $230,579 in May 2013, the R.I. Department of Revenue reported Tuesday. more
Rhode Island Housing on Tuesday announced the launch of the agency’s FirstHomes Tax Credit program designed to help first-time homebuyers save as much as $2,000 annually on mortgage costs. more
Confidence among U.S. consumers soared in July to the highest level in almost seven years as Americans grew more upbeat about the labor market and the outlook for the economy. more
One week after announcing an agreement to sell the Providence Journal to New Media Investment Group Inc., A.H. Belo Corp. reported second-quarter net income of $22 million, more than 18 times the profit of the same year-earlier period, thanks in large part to an $18.5 million investment gain. more
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